Equinix (EQIX) : 15 analysts are covering Equinix (EQIX) and their average rating on the stock is 1.6, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Equinix (EQIX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Equinix (EQIX) : 12 Wall Street analysts covering Equinix (EQIX) believe that the average level the stock could reach for the short term is $411.17. The maximum price target given is $457 and the minimum target for short term is around $303, hence the standard deviation is calculated at $40.02.
Also, In the latest statement by the brokerage house, Oppenheimer upgrades its outlook on Equinix (NASDAQ:EQIX). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Perform. The rating by the firm was issued on September 6, 2016.
Equinix (NASDAQ:EQIX): After opening at $353.96, the stock dipped to an intraday low of $352.51 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $362.53 and the buying power remained strong till the end. The stock closed at $361.79 for the day, a gain of 1.83% for the day session. The total traded volume was 501,543. The stocks close on the previous trading day was $355.29.
Equinix, Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation, interconnection solutions and managed IT infrastructure services. The Companys colocation offerings include Cabinets, Power and IBXflex. Cabinets allows customer for colocating networking, server and storage equipment. Power is an element of increasing importance in customers colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Companys interconnection solutions enable scalable, reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services, such as Equinix Professional Services, which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.